Contractor Business Systems Series: Part 2 – Accounting System

calendar iconOctober 18, 2022

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The Contractor Business Systems podcast series hosts members of Cherry Bekaert’s Government Contracting Industry team to discuss each of the six contractor business systems—Accounting, Estimating, Purchasing, Earned Value Management Systems (EVMS), Material Management and Accounting System (MMAS), and Property Management.

In this second episode, Eric Poppe, a Director in Cherry Bekaert’s Government Contracting Industry practice, and Jacquelin LaClair, a Senior Associate in the Firm’s GovCon practice who spent 10 years working with the Defense Contract Audit Agency (DCAA) and the Defense Contract Management Agency (DCMA), discuss the requirements for an adequate accounting system as outlined in Accounting System Administration, 252.242-7006 and required by FAR 16.301-3 in the award of a cost reimbursable type contract.

Listen in to find out about:

  • What types of Accounting System audits might be requested by Contracting Officers
  • What the differences are between Pre-Award Accounting System audits and Post Award Accounting System audits
  • What the government is reviewing
  • How contractors should prepare for an Accounting System audit

If you have any questions specific to your situation, Cherry Bekaert’s GovCon Consultants are available to discuss your situation with you. Contact us

Cherry Bekaert’s Government Contracting Industry advisors are well versed in business systems requirements and complex control environments. We guide contractors in developing and maintaining compliant business systems, perform systems assessments, provide audit support, and prepare contractors for audits or reviews by the Defense Contract Audit Agency (DCAA), the Defense Contract Management Agency (DCMA) or other cognizant agencies.

If you haven’t already, catch up on other parts of the series:

View All Podcasts from this Series